2nd UPDATE:Freddie Sells $4.5 Billion 3-Year Bond At Treasury+37.5BPS
Wednesday 08/05/2009 11:17 AM ET - Dow Jones News
Related Companies
| Symbol |
Last |
%Chg |
| FNM |
0.77 |
35.09% |
| FRE |
0.81 |
32.79% |
As of 1:27 PM ET 8/5/09
(Updates with previous deal from Freddie and Fannie)
By Anusha Shrivastava
NEW YORK -(Dow Jones)- Freddie Mac (FRE) has sold a $4.5 billion three-year note, according to a person familiar with the matter.
The new 2.125% note, due Sept. 21, 2012, sold at 37.5 basis points over comparable Treasurys.
The issue, CUSIP number 3137EACE7, was priced at 99.959 to yield 2.138, or 37.5 basis points more than three-year U.S. Treasury notes, the agency said. The issue will settle on Thursday, Aug. 6, 2009.
"Orders were easily in excess of $6 billion," wrote Jim Vogel, managing director of agency debt at FTN Financial, in a note to clients. "In small trading so far, bonds have moved at +36 in the secondary."
Joint leads on the deal were JPMorgan Chase, Barclays Capital Inc., and Deutsche Bank Securities, Inc.
Including Wednesday's bond, Freddie has issued $45.5 billion of reference notes securities during 2009 and has approximately $259 billion in reference notes and reference bonds securities outstanding.
-By Anusha Shrivastava, Dow Jones Newswires, 212-416-2227; anusha.shrivastava@dowjones.com
